Is Sebastian, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sebastian has remained a Seller's Market.
Key Takeaway
Sebastian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sebastian, FL
How much do homes in Sebastian, FL cost?
Median Sold Price
$360,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sebastian have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Sebastian was $360,000 in April 2024, up 1.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $262.5K | $265K | +1.0% |
| 3 Bedrooms | $365.3K | $366.7K | 0.4% |
| 4 Bedrooms | $420K | $420K | 0.0% |
| 5+ Bedrooms | $480.2K | $427.5K | -11.0% |
Summary: Sebastian housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 11%.
Housing Supply in Sebastian, FL
How many homes are available in Sebastian, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 289 | 302 | +4.5% |
Summary: The Sebastian real estate market had 302 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 60 | 66 | +10.0% |
| 3 Bedrooms | 165 | 168 | +1.8% |
| 4 Bedrooms | 55 | 59 | +7.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Sebastian housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 53 | +29.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sebastian, you may be able to get a good deal. 69.8% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Sebastian in April 2024, up by 29.3% month-over-month. Of the 53 sold homes, 70% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for Sebastian, FL
How long does it take to sell a home in Sebastian, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 35 Days | +2.2% |
Summary: Homes in Sebastian had an average of 35 days on market in Apr 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sebastian are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 53 homes were sold in Sebastian; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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